A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India, July 31, 2025. - Photo: Reuters file
MUMBAI: Gold smuggling into India has spiked ahead of key festivals, government and industry officials told Reuters, in response to record-high prices and a supply crunch.
Smuggling of gold into the world's second biggest buyer of the precious metal had fallen after the government slashed import taxes on it to 6% from 15% last year.
